Real Estate Investing in Euclid, Ohio (44123)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44123 (Euclid, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
What’s happening in Euclid, OH (44123)?
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Market Analysis: 44123 Euclid
Investors eyeing 44123 need to respect the fundamentals at play. Home values of $143K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 44123 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader OH picture, 44123 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 44123 ZIP's population of 18,391 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategically, 44123 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Euclid:
Property Strategy for 44123
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $86,157 | $1,280 | 10.7% | +9.6% | $43,078 |
| 3BR | $145,021 | $1,650 | 8.2% | +8.0% | $48,340 |
| 4BR | $162,691 | $1,760 | 7.8% | +7.4% | $40,673 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44123 Compare?
| Metric | 44123 | Euclid | Cleveland-Elyria, OH | Ohio |
|---|---|---|---|---|
| Home Value | $142,936 | $156,072 | N/A | $237,530 |
| 5-Year CAGR | 5.4% | 5.7% | N/A | 7.4% |
| Avg Rent | $1,051 | $1,334 | N/A | - |
| Cap Rate | 5.7% | 6.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44123 (Euclid, OH). Anonymous, moderated, never written by AI.
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Property managers serving Cuyahoga County
Manage rentals here? List your business →Cleveland Property Management Group is a residential property manager in Northeast Ohio, assisting with property purchase, portfolio analysis, and full-service management. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Aspire Real Estate helps sell homes quickly. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $142,936 |
| Monthly Rent | $1,051 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 Rent Trends
| 1-Year | -9.0% ▼ |
| 3-Year CAGR | -1.3% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44123
Population: 18,391
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44123
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Euclid Schools Early Learning Village
Arbor Elementary School
Bluestone Elementary School
Chardon Hills Elementary School
Shoreview Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much does a house cost in Euclid, OH?
Median home price in Euclid, OH is near $143K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
Are tenants stable in Euclid, OH?
The tenant pool in Euclid, OH is solid, supported by local employment and population fundamentals. Rents of $1,051/mo are well-absorbed by the market.
Where do rents currently stand in Euclid, OH?
Expect rents around $1,051/mo per month in Euclid, OH. With home values at $143K, the yield math works out to reasonable levels for rental investors.
Does a duplex house hack pencil in Euclid, OH?
House hacking in Euclid, OH is reasonable to execute. Prices around $143K and rents of $1,051/mo solid owner-occupant economics.
Is Euclid, OH a friendly market for rental owners?
Rental owners in Euclid, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 44123 now. You don’t know where it ranks.
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How 44123 ranks in Cleveland-Elyria, OH
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